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The issue is particularly relevant in China today as the country is working on a deleveraging process, while putting tough curbs on the property market to defuse risks and asset bubbles, both considered key indicators of financial cycles.

So far, dozens of countries and international organizations have signed cooperation agreements with China within the framework of this initiative, which is aimed at promoting win-win cooperation, people-to-people exchange and common development.

Professor Saeed Chaudhry, director of Islamabad Council for International Affairs, said that since the joint launch of the China-Pakistan Economic Corridor, infrastructure in Pakistan has been improved and tens of thousands of jobs created.

He also outlined some of the tangible benefits already in place. To this point, China's domestic demand has steadily expanded, with consumption contributing 58.8 percent to economic growth, nearly four percentage points higher than five years ago.

China has remained the world's largest goods exporter and second largest importer for eight straight years. The market share of China's export in the world rose from 10.4 percent in 2011 to 13.2 percent in 2016.